FINRA
Get the latest news and insights on the Financial Industry Regulatory Authority's rules, enforcement actions and related activities.
Ex-Wells Fargo Broker Barred by FINRA Over Ponzi Scheme
By Jeff BermanThe former broker and Wells Fargo were among those named in a complaint last year by disgruntled investor.
October 28, 2021
NYLife Securities to Pay $263K Over Mutual Fund SwitchesTen clients paid unnecessary front-end sales charges for mutual funds due to the firm's supervisory failures, FINRA says.
October 28, 2021
FINRA Bars Another Broker Who Improperly Applied for COVID Disaster LoanAn ex-JPMorgan rep, meanwhile, was fined and suspended for improperly applying for the same type of loan.
October 25, 2021
Ex-LPL Rep Suspended for Making 22 Trades Without Written ConsentThe broker also falsely stated he didn't exercise discretionary trading authority in three compliance questionnaires, FINRA says.
October 22, 2021
FINRA Mulls Update to Complex-Product RulesRules around qualifications for options traders, for instance, pre-date the rise of DIY investing, CEO Cook said.
October 18, 2021
Morgan Stanley Loses FINRA Arb Case on Botched Options TradingA client alleged the wirehouse was negligent and failed to supervise when trading of Tesla options wasn't executed properly by a rep.
October 11, 2021
FINRA Bars Ex-LPL Broker Who Allegedly Took an Older Client's FundsThe former LPL broker was terminated by the firm for failing to disclose outside business activity.
October 08, 2021
FINRA Upholds Bar of Ex-RBC Broker Accused of Taking $1M After Trading ErrorThe broker, who returned the money after RBC corrected the error, said he didn't know he'd received it by mistake.